ADITYA SHARMA
A pivotal event for online commerce; and other top tech, startup stories
Stay tuned to know how the latest capital infusion into Zepto impacts the workings of this fledgling sector.
Zomato-Paytm ticketing deal; Oyo’s Rs 1,000-crore funding
Zomato is looking to strengthen its ‘going-out’ business with the acquisition of Paytm’s ticket booking and events business. Details on this, and more in today’s ETtech Morning Dispatch.
Aditya Birla Finance, others may have invoked Paytm’s loan guarantees
Aditya Birla Finance invoked loan guarantees from Paytm due to defaults. Partnership stress with other lenders. Paytm's lending business faces challenges post central bank's ban. Changes in top management. Reduced consumer loan portfolio to less than 1%.
UPSC CSE 2023 top 10 rank holders list announced: Aditya Srivastava gets first rank
UPSC Topper: The Union Public Service Commission (UPSC) has released the final results of the Civil Services Examination (CSE) 2023. Candidates who underwent the personality test can access their results on upsc.gov.in. With 1,105 positions up for grabs, the selection process was rigorous, beginning with the preliminary exam on May 28, 2023. The final merit list, based on combined scores, will determine candidates' rankings and recommended services.
Nepal Army to collect 10 tonnes of garbage from Mt. Everest
The expedition, to be flagged off by Nepal Army chief Gen. Prabhuram Sharma here on April 11, will bring at least 10 tonnes of garbage and five dead bodies of climbers lying unattended in the mountain, Nepal Army spokesperson Brig. Gen. Krishna Prasad Bhandari said.
Spacetech startup Digantara raises $2 million from Aditya Birla Ventures, others
The latest capital infusion marks the final close of the Bengaluru-based startup’s Series A stage of funding at $12 million. In June 2023, Digantara had raised $10 million led by Peak XV Partners (formerly Sequoia Capital India and Southeast Asia).
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Paytm Crisis: When Raghuram Rajan bet on the payments bank plan to test innovation boundaries
Paytm is facing a regulatory curb by Mint Street. Former RBI Governor Raghuram Rajan had warned about Paytm's likely discomfort with regulators. Paytm is facing complaints of violating banking compliance norms, conflict of interest, lax processes allowing fraud, and licensing agreement breaches. RBI's technical audit reportedly found accounting and supervisory problems due to money and data traffic flows between Paytm Payments Bank and Paytm's other units
Sport, Industry and Soft Power: PM Modi's presence, air-show, grand function and 1.4 billion fans
'Soft Power' is a term that defines countries which use sports and culture to enhance their geo-political influence. Cricket does give India the chance to flex its muscles not only in the sporting community but also socio-politically, in the larger context.
View: Not humans, India should send less risky, cheaper AI-powered robots to space
Some may say we are decades behind in human space flight, but we had consciously chosen to be on an altogether different path — to take the road not taken. The competition was regarding how space tech can do more to solve India’s problems. Vikram Sarabhai articulated this: ‘We do not have the fantasy of competing with the economically advanced nations in the exploration of the moon or planets or manned space flight… but we must be second to none in the application of advanced technologies to the real problems of man and society.’
Chandrayaan-3 lunar mission's historic moon landing anticipated today, celebrities and millions of Indians send best wishes
India's Chandrayaan 3 lunar mission is set to make history with a scheduled landing on the moon's surface today. Celebrities and millions of Indians are eagerly looking forward to this significant achievement. Well-known TV celebrities like Shailesh Lodha and Ankur Nayyar have expressed their optimism and support for the mission. The success of this mission holds great importance, especially after Russia faced challenges in their recent moon mission. Aditya Deshmukh also shared his excitement and congratulated the ISRO team. This mission marks India's third lunar venture and was launched on July 14.
Jio Financial lists on D-St, falls 5% on expected passive fund selling
The shares which listed earlier than anticipated fell to ₹251.75 on the BSE, giving it a market value of ₹1.6 lakh crore, after opening trade at ₹265 apiece. The company, which has multiple lines of business in finance, was spun off from Reliance Industries.
Ad sales rebound boosts Meta’s Q2 earnings; bumper listing for Netweb Technologies
A bounceback in the digital ads business has helped Meta Platforms beat market expectations with a double-digit rise in both revenue and profit in the second quarter. This and more in today’s ETtech Top 5.
Contra Bet! MFs bought 1 crore Infosys shares in May when FPIs stayed underweight on IT pack
Mutual funds have bought shares in Infosys, with ICICI Prudential AMC purchasing Cognizant Technology Solutions, Aditya Birla Sun Life AMC purchasing Wipro, and Mirae Asset Management buying Coforge last month. Although the mutual funds were inclined to overweight on the IT sector, risks of further earnings downgrades remain. While some investors argue that a slowdown is already priced into the shares, a weak earnings outlook from US major Accenture Plc persists, which quoted challenging global macroenvironment, clients curbing discretionary spending, and reduced annual growth guidance for the second time.
Decoding Paytm’s aggressive lending and collections playbook
Paytm is betting big on credit to turn around its flagging fortunes and given the growth and the impact on its topline, it seems to be working too. But credit is a difficult game and history tells us quick growth is always followed by the slump of bad loans. Will Paytm manage to change that with its in-house collection capabilities?
How to beat traffic 101: Sara Ali Khan takes Mumbai metro to work, tags 'Bandra boy' Aditya Roy Kapur
It's no secret that Mumbai's traffic is extremely time consuming and hectic, so it doesn't come as a surprise that Bollywood diva Sara Ali Khan also prefers taking the metro, just like many Mumbaikars.
Pamela Chopra, mother of producer Aditya Chopra, passes away at 74; Yash Raj Films boss issues statement
Late producer Yash Chopra's wife Pamela Chopra made an appearance in the Netflix documentary, based on Yash Raj Films. Titled 'The Romantics', she shared her husband’s journey in the docu-series.
Next few decades are India’s time; we have got tech & demographic dividend: Aditya Puri
Aditya Puri, former MD of HDFC Bank, argues that the Indian banking system has little systemic risk. While the US has recently experienced management and regulatory failures, India has asset liability matching, portfolio diversification, regulations on investments, deposits dispersion, reputation management, technology mix and good capital. The Puri family speaks highly of India, saying it's a great place for living, and explains that it's an excellent time to be involved in manufacturing because the country is experiencing a demographic dividend.
Flashing red! Over 300 stocks down 50% from all-time highs, what should investors do?
Several public sector banks were part of this list despite seeing a stellar run in 2022. The strong improvement in earnings and asset quality, coupled with credit growth triggered buying in this pack last year and also turned some of the stocks multibaggers.
The three Khans – SRK, Salman and Aamir – made docu-series 'The Romantics’ more insightful, says film-maker
'The Romantics' director also feels Aditya Chopra's first on-camera appearance led to unprecedented response.
Why are more weddings in India are taking place on non-muhurat days? Read more to find out
But, a recent data from Weddingz.in shows that the trend is gradually shifting and more weddings are now extending beyond the Muhurat period. In 2022, 57% of wedding venue bookings during busy season of November & December were for non-muhurat dates. This is a 1.7X jump from pre-Covid levels of 2019 where only 34% of weddings were booked for non-muhurat dates. Most bookings for weddings during non-muhurat dates came from Pune, Jaipur, Delhi NCR, Nagpur & Mumbai.
Aditya Roy Kapoor on his OTT debut: 'The job is pretty much the same'
According to the 'Aashiqui 2' actor, the medium may change, but an actor's job remains constant.
ABSL Mutual Fund launches Aditya Birla Sun Life CRISIL IBX SDL Jun 2032 Index Fund
The minimum investment amount would be Rs 500 and in multiples of Re 1 thereafter. The scheme will have two Plans: Regular and Direct. Each Plan offers growth option and income distribution cum capital withdrawal (IDCW) option.
Rani Mukherjee, Aditya Chopra’s daughter Adira turns seven, Karan Johar, Anushka Sharma, Shilpa Shetty and many other celebrities attend her birthday bash
Karan Johar, Rekha, Anushka Sharma, Sonam Kapoor, and Shilpa Shetty among others attended the birthday celebration for Rani Mukerji's daughter Adira Chopra.
Scoop: PhonePe may acquire ZestMoney; Aditya Birla Fashion close to buying Bewakoof; and Koo's new funding round
If the transaction goes through, it will be the biggest consolidation in the new-age lending sector, which has of late faced major regulatory roadblocks in India. In September, the Reserve Bank of India introduced a set of rules for online lenders.
Is there a ‘perfect resume’ for Google? Netizens laud LinkedIn user’s creative job application, request template
The post attracted over 10K likes with many users hailing the user’s creativity.
BJP celebrates Draupadi Murmu's win across nation
BJP Chief JP Nadda said for a woman from tribal background to reach the post of the President is a "golden moment" for the country and expressed confidence that her competence and experience in administrative and social works will benefit the country immensely.
Teen tweets about Zomato agent braving 40-degree heat to deliver food on bicycle, Internet raises money for new bike in 24 hrs
The man was a teacher before pandemic cost him his job. To make ends meet, Meena started working as a delivery executive.
Sara Ali Khan invests in homegrown fashion label The Souled Store
The starlet has invested an undisclosed amount in the brand, giving it an investment push and boosting the brand’s celebrity star power.
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